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WASHINGTON (Reuters) - The economy is gaining momentum and should push through next year with only a few bruises despite an almost certain European recession and slower global growth.

A firming in the anemic labor market should put the economy in reasonable shape to withstand headwinds from overseas, although the recovery will likely slow at the start of the year after ...

Britain's economy showed unexpectedly strong growth of 0.6 percent in the third quarter, official data revealed on Thursday, but the country still faces possible recession in the new year.

The Office for National Statistics (ONS) revised higher its estimate for gross domestic product (GDP) growth between July and September compared with the second quarter.

Analysts had expected no ...

Britain's economy showed unexpectedly strong growth of 0.6 percent in the third quarter, official data revealed on Thursday but the country still faces possible recession in the new year.

The Office for National Statistics (ONS) revised higher its estimate for gross domestic product (GDP) growth between July and September compared with the second quarter.

Analysts had expected no ...

LONDON (Reuters) - With governments laboring under too much debt and banks hobbled by too little capital, 2012 is shaping up as another year of hard slog for Europe's economy that could yet test the single currency to destruction.

The Netherlands on Thursday became the latest country to report that output shrank in the third quarter, lending credibility to forecasts ...

Spain's new leader Mariano Rajoy on Wednesday named a team to steer the country out of crisis, with a former manager of ruined bank Lehman Brothers in the key economy minister job.

Rajoy named Luis de Guindos, 51, to the crucial post to spearhead urgent reforms aimed at getting Spain's five million unemployed back to work and reassuring ...

WASHINGTON (Reuters) - Sales of previously owned homes surged in November, but revisions to data for the last four years showed the housing market recession was deeper than previously thought.

The National Association of Realtors said on Wednesday existing home sales increased 4 percent month over month to an annual rate of 4.42 million units.

October's sales pace was ...

TOKYO (Reuters) - The Bank of Japan kept monetary settings unchanged on Wednesday but cut its assessment of the economy on mounting evidence of the pain Europe's debt crisis is inflicting on global growth and Japan's recovery prospects.

Slowing exports, worsening business sentiment and soft capital spending are challenging the central bank's view that the world's third-largest ...

(Reuters) - Oracle Corp's profit missed Wall Street's forecasts for the first time in a decade after new software sales sputtered, hammering its shares and stoking fears that a global economic slowdown is hurting tech spending.

Shares in the world's No. 3 software maker plunged more than 10 percent after executives also unveiled weak sales projections for the ...

WASHINGTON (Reuters) - Tax revenues of U.S. state and local governments rose in the third quarter, the U.S. Census said on Tuesday, marking the eighth straight quarter of growth and heralding the promise of continued economic recovery in areas where revenues collapsed during the recent recession.

Revenues totaled $292 billion, rising 4.1 percent over the third quarter of ...

Two leading sentiment indicators in Germany surprised on the bright side here on Tuesday, bringing a rare touch of Christmas sparkle to the pall of gloom hanging over the eurozone.

The Ifo economic institute said it was bringing "good tidings" with the announcement that its closely watched business sentiment index defied analysts' expectations for the second month in a row ...